W&T OFFSHORE INC 4
4 · W&T OFFSHORE INC · Filed Aug 9, 2011
Insider Transaction Report
Form 4
MELENDREZ JESUS G
SVP & Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2011-08-05+27,571→ 27,571 total→ Common Stock (27,571 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of WTI stock or its cash equivalent, as determined at the time of settlement by WTI.
- [F2]The vesting of the restricted stock units is subject to a service and performance condition during calendar year 2011 and a service condition thereafter until December 15, 2013. If these conditions are met, then the restricted stock units will vest on December 15, 2013.
- [F3]The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period.